There really is a lot of opportunity out there. Even competitive markets have hidden markets within them like some of you are talking about…
This is an excellent example. I have a market I recently tackled that is really been interesting… It’s about as competitive as the “loan” market… What I ended up doing is just tackling every single niche keyword phrase I found via my research and through them all in and waited…… deleted the disabled… waited… deleted some more disabled… waited, AH! What’s this?
I keyword phrase that has just got me in shock… because it isn’t even that obscure! It’s just a 2 word phrase containing the Market’s main keyword….
I’ve taken that phrase and worked out the misspellings etc… I’m getting clicks ranging from 5 cents to 25 cents (my set max) and positions being clicked ranging from 2 - 60…
Most important thing, I’ve been getting clicks. Not a huge volume per se, but clicks… better than nothing… And I have this one hitting a landing page so it’s just a matter of testing until I find a way to convert. (No, haven’t converted yet, but the payout is BIG and the volume of clicks are small… it may take months to real this one in… or never, lol)
Update: This one is now converting. J
It’s sooooo possible to get into what might seem busy markets…
I’ve got several campaigns running right now in markets that my better judgement would have told me, stay away from, but I’m doing OK.
BUT, As a newbie should you tackle easier, less competitive markets to start with… maybe so. I don’t think I did. I just went mental and tried everything when I started out…
Maybe try to find some easier ones at first until you learn the ropes… It depends on you, your time, and the money situation…
It’s not just about competition either. The ad can pull in clicks in competitive markets as well. The campaign I’m talking about above… why am I getting clicks at an average position of 60 on one of the phrases… is it good copy that draws the click? Maybe so. Something unique? Different?
You may be able to get into a market just by writing better copy than your competition…
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There are so many niches and opportunity out there folks! You just need to hunt.
I’ve seen people talk about being to late to get in and make big money…
I think that’s crazy! There is no way!!
You certainly want to be prepared for the future by diversifing etc, but at the same time live in the present… In the present THERE IS REAL opportunity and markets just waiting…
Something you need to factor in and is rarely discussed is turn over…. Oh yeah!… Markets can be real deceiving…. What if there are 100 people bidding??? Will 95% of them be there in 3 months? Who knows! Will you be?? Will you work on emulating the top ranked merchants… write better sales copy??
The whole thing here is this is a global market place with millions of products to promote and probably billions of keyword combinations… the opportunity is there! And your competition is fluid and ever changing…
New and better merchants and products are coming into play everyday as well. Just a different merchant that your competition doesn’t have can shake things up a bit…
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I’ll leave you with another success story from me:
I found a niche that I was trying out. It was a product I knew nothing about; in fact didn’t know existed and had no idea what it was! I could have ignored it for that reason alone….
BUT, I did some keyword research and sure enough a lot of people were searching…
So I set up the campaign and there were the clicks.
This IS NOT a big campaign… it **is** a nice trickle of income and I will be doing more research and maximizing the potential. This was part of one of my “Campaign Blasts”… I set up a skeleton campaign to see what it might do…
For a market I had no idea about:
# of Clicks…………………….. 105
Click Charges…………………. $5.25
# of Sales……………………… 3
Total $ Sales………………….. $27.69
Profit……………………………. $22.44
ROI……………………………… 474%
CVR…………………………….. 2.86%
(I changed the numbers slightly to deter someone from trying to figure out the product… not that they could, but no chances me take.)
Isn’t that pretty?..
BUT this is a niche that is just sitting there somewhere waiting for you.
I don’t know where this will go long term, but it illustrates what’s possible.
Find one of these, then another, then another… It adds up.
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